The Edge Markets April 24, 2015

The Edge Markets

Boycott unethical traders exploiting GST, says Najib
April 24, 2015 11:08:40 pm
(April 24): Prime Minister Datuk Seri Najib Razak has urged consumers to boycott unethical businesses exploiting the good and services tax (GST) to boost profits. "The problem with GST is not the concept, but the unethical behaviour ... ...

Dollar slips after weak business spending figures
April 24, 2015 11:03:55 pm
NEW YORK/LONDON (April 24): Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon....

Amazon, Microsoft profit from cloud as Nasdaq reaches record
April 24, 2015 10:58:10 pm
SAN FRANCISCO/SEATTLE (April 24): Minutes after the Nasdaq Composite closed at a record, three of the biggest bellwethers in technology reminded the market precisely why investors are so bullish on companies that do business through the Web. ...

Indian parliament kicks off debate on key tax reform
April 24, 2015 10:48:17 pm
NEW DELHI (April 24): India's parliament began debating a sales tax on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax......

European shares rise as DAX and Greek markets make progress
April 24, 2015 10:46:22 pm
LONDON (April 24): European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. The FTSEurofirst 300 was up 0.2... ...

Euro zone warns Greece no cash till full reform deal
April 24, 2015 10:35:35 pm
RIGA (April 24): Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. Greek Finance Minister Yanis Varo... ...

HSBC looks at moving headquarters from Britain
April 24, 2015 10:29:19 pm
LONDON/HONG KONG (April 24): HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for fi......

Diet Pepsi dumps aspartame after consumer backlash hurts sales
April 24, 2015 10:22:29 pm
ATLANTA (April 24): PepsiCo Inc. will start selling Diet Pepsi without aspartame later this year, after a consumer backlash against the artificial sweetener crushed sales. The company will begin to replace aspartame with a blend of sucralos... ...

Brent oil edges up, set for third straight weekly gain
April 24, 2015 10:20:09 pm
LONDON/SINGAPORE (April 24): Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong ... ...

Snapshot: Wall St rises on tech earnings after Nasdaq record
April 24, 2015 10:05:14 pm
(April 24): U.S. stocks opened higher on Friday as strong results from tech behemoths Google Inc, Amazon.com Inc and Microsoft Corp put the Nasdaq Composite on track to extend its ascent a day after surpassing a 15-year-old record. The Dow ... ...

U.S. business investment plans fall for seventh straight month
April 24, 2015 09:50:09 pm
WASHINGTON (April 24): U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to strongly rebound from the first qua......

Wall St to open up on tech earnings, Nasdaq to extend record
April 24, 2015 09:47:39 pm
(April 24): U.S. stocks were set to open higher on Friday as strong results from tech behemoths Google, Amazon and Microsoft, set the Nasdaq Composite on track to extend its run after surpassing on Thursday a 15-year-old record. The S&P... ...

Anthony See not re-elected as Kian Joo's ED
April 24, 2015 09:37:03 pm
KUALA LUMPUR (April 24): Datuk Anthony See Teow Guan, 69, has retired as an executive director (ED) of Kian Joo Can Factory Bhd. The company’s filing with Bursa Malaysia today showed See’s retirement was due to his non re-election as ED at ... ...

French gas giant GDF Suez changes name to Engie
April 24, 2015 09:12:13 pm
PARIS (April 24): French gas utility GDF Suez said on Friday that it was changing its name to "Engie" to reflect an evolving energy sector and the group's growing involvement in renewable power, marking a break from its former state monopoly past.......

Malton, Daya Materials, Compugates, Icon Offshore, MISC, Bina Puri, Supermax, Kamdar, EPMB, UEM Edgenta, Bintai Kinden, Teo Seng
April 24, 2015 09:09:12 pm
KUALA LUMPUR (Apr 24): Based on corporate announcements and news flow today, the companies that may be in focus on Monday (Apr 27) could be the following: Malton Bhd, Daya Materials Bhd, Compugates Holdings Bhd, Icon Offshore Bhd, MISC Bhd,... ...

Comcast abandons $45 billion Time Warner Cable merger
April 24, 2015 08:58:25 pm
BENGALURU (April 24): Comcast Corp and Time Warner Cable Inc said on Friday that they had abandoned their proposed $45 billion merger, after U.S. regulators said the deal would give Comcast an unfair advantage in the Internet-based services market......

U.S. business investment plans fall for 7th straight month
April 24, 2015 08:54:26 pm
WASHINGTON (April 24): U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to rebound from a soft patch hit at th......

TM raises US$750m multi-currency sukuk to acquire portfolio of assets
April 24, 2015 08:48:09 pm
KUALA LUMPUR (April 24): Telekom Malaysia Bhd (TM) via its special-purpose vehicle, Tulip Maple Bhd, is issuing a US$750 million (RM2.684 billion) sukuk, the proceeds of which will be used to acquire an ownership interest in a portfolio of assets ......

Teo Seng to buy Singapore factory for RM26.4m to further expand its biz there
April 24, 2015 08:39:15 pm
KUALA LUMPUR (Apr 24): Teo Seng Capital Bhd's wholly-owned subsidiary Premium Egg Products Pte Ltd (PEPP) is acquiring entire interest in loss-making BH Fresh Food Pte Ltd (BHFF) for S$9.8 million (RM26.4 million) cash, which owns a factory with c......

Oil prices on track to close week near 2015 highs
April 24, 2015 08:36:39 pm
LONDON/SINGAPORE (April 24): Brent crude was on track to finish the week near 2015 highs on Friday, as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators ... ...

Gold retreats as global equities hit all-time highs
April 24, 2015 08:59:02 pm
LONDON/SINGAPORE (April 24): Gold fell on Friday, on track for a third successive weekly loss as strength in global equities diverted interest, though uncertainty over the timing of a U.S. rate rise pegged prices in a narrow range. World st... ...

Oil prices on track to close week near 2015 highs
April 24, 2015 08:36:39 pm
LONDON/SINGAPORE (April 24): Brent crude was on track to finish the week near 2015 highs on Friday, as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators ... ...

Departing Credit Suisse CEO says post-crisis push too ambitious
April 24, 2015 08:20:31 pm
ZURICH (April 24): Credit Suisse's departing chief executive said an ambitious expansion drive following the global financial crisis, ranked among his mistakes as CEO, addressing shareholders for the last time as head of the Swiss bank. "I ... ...

Daya Materials buys only one DP2 vessel, instead of two
April 24, 2015 08:13:26 pm
KUALA LUMPUR (April 24): Daya Materials Bhd is buying only one unit of dynamic positioning class 2 (DP2) offshore subsea construction vessel from Siem Offshore Rederi AS for a revised price of US$120 million, and not two as originally intended....

Ex-Sarawak minister denies report on timber corruption
April 24, 2015 08:12:54 pm
(April 24): Former Sarawak minister Tan Sri Leonard Linggi Jugah has denied owning investments in Peru as alleged in an investigative report by the Washington DC-based Environmental Investigation Agency (EIA). Jugah, also denied links with ... ...

Euro dips from two-week highs as optimism about Greece ebbs
April 24, 2015 08:02:33 pm
LONDON (April 24): The euro retreated from a two-week high against the dollar on Friday, as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the eu... ...

Equities at all-time high after Nasdaq record
April 24, 2015 08:01:05 pm
LONDON (April 24): Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. Nasdaq stoking investor optimism. There were also some positive signs from pre... ...

Kamdar appoints MD Kamal as its new chairman
April 24, 2015 07:48:41 pm
KUALA LUMPUR (April 24): Kamdar Group (M) Bhd announced today that its managing director Kamal Kumar Kishorchandra Kamdar, 45, has been appointed the group’s chairman, effective immediately. His appointment came following an announcement fr... ...

Futures up on tech earnings, Nasdaq to extend record
April 24, 2015 07:42:26 pm
(April 24): U.S. stock index futures rose on Friday as strong results from tech behemoths Google, Amazon and Microsoft set the Nasdaq Composite on track to set a record closing high for the second straight day. The S&P 500 index touched... ...

MISC has no intention to sell AET Tankers
April 24, 2015 07:33:59 pm
KUALA LUMPUR (Apr 24): MISC Bhd, a 62.7%-owned subsidiary of Petroliam Nasional Bhd, said it has no intention of disposing of its wholly-owned petroleum tanker unit, AET Tankers Ltd. "In response to recent market speculation, MISC co... ...

Businesses built for regional expansion more likely to succeed, say corporate leaders
April 24, 2015 07:25:32 pm
KUALA LUMPUR (April 24): Businesses that are prepared to scale up their operations to regional markets quickly are more likely to suceed, said Google Malaysia country head Sajith Sivanandan today. Speaking at a forum titled ‘A Million W... ...

Malton gets RM703m construction works for Pavilion Damansara Heights
April 24, 2015 07:14:46 pm
KUALA LUMPUR (Apr 24): Malton Bhd has bagged a construction job worth RM703 million from Impian Ekspresi Sdn Bhd, which is indirectly controlled by Malton executive chairman Tan Sri Lim Siew Choon, for the Pavilion Damansara Heights project... ...

HSBC says looking into moving headquarters from Britain
April 24, 2015 07:14:11 pm
LONDON (Apr 24): HSBC Holdings, Europe's biggest bank, will review whether to move its headquarters out of Britain, potentially dealing a blow to a country trying to balance tighter regulation with the importance of the financial industry to its e......

Kenyalang Property emerges as substantial shareholder in Bintai Kinden
April 24, 2015 07:08:43 pm
KUALA LUMPUR(Apr 24): Kenyalang Property Development Sdn Bhd has emerged as a substantial shareholder in Bintai Kinden Corp Bhd, after the former purchased 7 million Bintai Kinden shares through a private placement. According to Bintai Kind... ...

Xerox revenue dips as printer sales fall
April 24, 2015 07:07:46 pm
(Apr 24): Xerox Corp, best known as a maker of printers and copiers, reported a 6 percent fall in quarterly revenue, hurt by lower printer sales and a stronger dollar. Net income attributable to Xerox fell to $225 million, or 19 cents per s... ...

Most rise as energy shares rally
April 24, 2015 07:01:15 pm
BANGKOK (Apr 24): Most Southeast Asian stock markets rose on Friday as firmer global oil prices lifted energy-related shares, helping Malaysia end a two-day losing streak and the Philippines close at a more than one-week high. Malaysia's ke... ...

Compugates bags 1-year agarwood supply contract worth RM43.88m
April 24, 2015 06:54:59 pm
KUALA LUMPUR (Apr 24): Compugates Holdings Bhd will be selling RM43.88 million worth of standing agarwood trees to Westwood Marketing Sdn Bhd, a unit of Singapore-based Westwood Investment Group Pte Ltd, for one year. In a filing with Bursa... ...

UEM Edgenta awards RM4.88m job to Kualiti Alam
April 24, 2015 06:53:20 pm
KUALA LUMPUR (Apr 24): UEM Edgenta Bhd (formerly Faber Group Bhd) has awarded a RM4.88 million contract to a related company Kualiti Alam Sdn Bhd to supply a microwave disinfection system equipment at the Kamunting incineration plant in Perak.... ...

China to bring in tougher food safety regulations
April 24, 2015 06:50:46 pm
SHANGHAI (Apr 24): China's top legislative body has voted through amendments to its food safety law that will see tougher punishments for violations and tighter regulation of infant milk formula and online shopping, the official Xinhua news agency......

EP Manufacturing's 1Q profit down 23% to RM2.51m
April 24, 2015 06:43:56 pm
KUALA LUMPUR (April 24): Automotive components manufacturer EP Manufacturing Bhd saw its first financial quarter ended Mar 31, 2015 (1QFY15)’s net profit fall 23.13% on-year to RM2.51 million, from RM3.27 million. Consequently, earnings per... ...

Palm ends lower on stronger ringgit, but posts 2nd weekly rise
April 24, 2015 06:42:25 pm
KUALA LUMPUR (Apr 24): Malaysian palm oil futures failed to hold on to early gains and ended lower on Friday due to a strong ringgit, but anticipation over firm demand limited losses and lifted the tropical oil to its second straight weekly rise....

Oil prices trade near 2015 highs on Yemen worries
April 24, 2015 06:28:29 pm
LONDON (Apr 24): Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators in Europe and A... ...

European shares rise as DAX and Greek markets rally
April 24, 2015 06:26:27 pm
LONDON (Apr 24): European shares climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis. The FTSEurofirst 30... ...

Icon Offshore CEO and COO released by MACC on RM100,000 bail
April 24, 2015 06:22:31 pm
KUALA LUMPUR (Apr 24): Offshore service vessel player Icon Offshore Bhd announced that its chief executive officer Dr Jamal Yusof and chief operating officer have been released by the Malaysian Anti-Corruption Commission (MACC) on an oral undertak......

Tiremakers clinch Indo, Thai grades; plan to boost prices in focus
April 24, 2015 06:18:49 pm
KUALA LUMPUR (Apr 24): Tiremakers clinched Indonesian and Thailand rubber cargoes this week, but trade was mostly hushed as the market kept watch on a plan by key rubber producers to raise prices and ditch a system of pegging them to the benchmark......

Asia Q1 cocoa grinding drops 9.3 pct y/y
April 24, 2015 06:10:54 pm
SINGAPORE (Apr 24): Cocoa grinding in Asia slid in the first quarter from a year ago, but rose marginally as compared with the October-December period, industry data showed on Friday. Grinding in Asia, the world's top cocoa processing regio... ...

CIMB: 1MDB one of the factors that ringgit was down
April 24, 2015 06:04:37 pm
KUALA LUMPUR (Apr 22): CIMB Group’s regional head of foreign exchange (FX) and foreign exchange options (FXO) trading Selvaraj Sinnan believes that beleaguered strategic development company 1Malaysia Development Bhd (1MDB) was “a big factor... ...

Gold retreats as global equities hit all-time highs
April 24, 2015 05:59:52 pm
LONDON (Apr 24): Gold dipped on Friday and looked set for a third successive weekly loss as strength in global equities, which offset a falling dollar, and uncertainty over the timing of a U.S. rate rise pegged prices in a narrow range. Wor... ...

Separate dispensing just rumours, still under discussion, says Putrajaya
April 24, 2015 05:54:28 pm
(April 24): Health Minister Datuk Seri S. Subramaniam today urged Malaysians to ignore rumours regarding the proposal to separate medical and dispensary services. He said the idea was still at the discussion stage and assumptions that the p... ...

India's Infosys sees FY16 revenue rising as much as 12 pct
April 24, 2015 05:52:09 pm
MUMBAI (Apr 24): Infosys Ltd, India's second-largest software services exporter, said it expects revenue in this financial year to rise as much as 12 percent, after posting fourth-quarter profit that slightly missed analyst estimates. Infos... ...

1MDB will not comment on ‘speculation, market rumours’
April 24, 2015 05:49:27 pm
(April 24): Controversial state investment vehicle 1Malaysia Development Berhad (1MDB) today refused to comment on any "speculation and market rumours", following a series of exposés by whistleblower site Sarawak Report. Thi... ...

Sony's Hirai faces attack from activist 'old boys' -sources
April 24, 2015 05:46:56 pm
TOKYO (Apr 24): A group of former top Sony Corp executives has delivered an unusually blunt critique to the firm's chief executive Kazuo Hirai, accusing him of losing sight of innovation by focusing on cost-cutting. At a meeting at Sony's T... ...

Malton gets RM703m construction works from Impian Ekspresi
April 24, 2015 05:31:24 pm
Malton Bhd gets RM703m construction works from Impian Ekspresi Sdn Bhd  ...

StanChart says 'listening carefully' to investors on UK domicile
April 24, 2015 05:30:58 pm
LONDON (Apr 24): Standard Chartered said it was "listening very carefully" to shareholders on whether the Asia-focused bank should consider moving its headquarters out of Britain following the recent rise in UK bank tax. Rival HSBC said on ... ...

KLCI higher following moderate US economic data
April 24, 2015 05:30:05 pm
KUALA LUMPUR (April 24): The FBM KLCI trended upwards to close 16.5 points or 0.89% higher today, in line with regional markets, following moderate US economic data that point to gradual normalisation by the US Federal Reserve and gains in ... ...

Ringgit gains for a fifth week as oil rebound eases fiscal woes
April 24, 2015 05:27:05 pm
(Apr 24): Malaysia’s ringgit rose for a fifth week in its longest run of gains since July as a rebound in Brent crude eased concern that government revenue will deteriorate for Asia’s only major oil exporter. The currency climbed to a two-m... ...

KL to host the 16th Malaysian Food & Beverage Trade Fair
April 24, 2015 05:22:44 pm
KUALA LUMPUR (Apr 24): The city will see the 16th reincarnation of the country's leading food industry event — the Malaysian Food and Beverage Trade Fair (MIFB 2015) — next month, which will see Kuala Lumpur playing host to the world's leading buy......

Oil royalty talks reached an impasse, says Sarawak chief minister
April 24, 2015 05:21:32 pm
(Apr 24): Despite admitting Sarawak has not made any headway in its negotiation with national oil firm Petroliam Nasional Berhad (Petronas) for an increase in oil and gas royalty payment, chief minister Tan Sri Adenan Satem has set a target to con......

Surprise in Malaysia’s budget: Revenue growth beats spending
April 24, 2015 05:11:46 pm
(Apr 24): There are several reasons Malaysia’s ringgit was the worst performing currency in Asia last quarter -- plunging oil prices that hurt the budget, loan repayment delays at state investment company 1Malaysia Development Bhd. Here’s one meas......

Asia’s taste for chocolate to ice cream climbing on incomes
April 24, 2015 05:05:24 pm
(Apr 24): Cocoa demand will keep climbing in Asia as increasing incomes boost the consumption of chocolate bars, ice cream and drinks, according to J. Ganes Consulting LLC. “The potential is there” as the middle class expands, said Judith G... ...

AmBank and CGC to offer RM300m financing to qualified SMEs
April 24, 2015 04:56:04 pm
KUALA LUMPUR (Apr 24): AmBank (M) Bhd and Credit Guarantee Corp Malaysia Bhd (CGC) jointly announced that they have signed a portfolio guarantee (PG) agreement today to extend RM300 million of financing to small and medium enterprises (SME). ...

Equities at all-time high after Nasdaq record
April 24, 2015 04:45:20 pm
LONDON (Apr 24): Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. Nasdaq stoking investor optimism. There were also some positive signs from previ... ...

Euro hits two-week high on German IFO, Greek hopes
April 24, 2015 04:43:44 pm
LONDON (Apr 24): The euro hit a two-week high against a soft dollar on Friday, supported by a rise in a key German business sentiment survey and hopes that cash-strapped Greece was making tentative progress toward securing fresh funding. He... ...

HSBC says to consider whether to move headquarters from Britain
April 24, 2015 04:42:49 pm
LONDON (Apr 24): HSBC Holdings, Europe's biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry. Shareholders have urged the bank to consider... ...

European shares boosted by encouraging earnings towards 2015 high
April 24, 2015 04:32:25 pm
LONDON (Apr 24): European shares rose in early deals on Friday, boosted by encouraging earnings reports, with investors also cautiously optimistic over the prospects of a deal over Greece's debt crisis. The FTSEurofirst 300 was up 0.4 perce... ...

Greece offers some concessions as 'tired' creditors urge progress
April 24, 2015 04:31:11 pm
RIGA (Apr 24): Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June....

Asia's Q1 cocoa grinding falls 9.3 pct yr/yr
April 24, 2015 04:27:30 pm
SINGAPORE (Apr 24): Cocoa processing in Asia fell 9.3 percent in the first quarter from a year earlier to 144,738 tonnes, data from the Cocoa Association of Asia (CAA) showed on Friday. CAA groups cocoa grinders in Malaysia, Singapore and I... ...

Supermax confirms diversification into contact lens biz
April 24, 2015 04:20:06 pm
KUALA LUMPUR (April 24): The world's second largest rubber glove maker by volume Supermax Corp Bhd announced today that it is diversifying into the manufacturing of contact lenses, confirming an earlier report by The Edge Financial Dail... ...

Samsung hints at new smartwatch on Apple Watch launch day
April 24, 2015 04:03:28 pm
SEOUL (April 24): Samsung Electronics Co Ltd teased the market with hints of a new version of its Gear smartwatch on Friday, the same day that rival Apple Inc's long-awaited wearable devices went on sale. The South Korean tech giant's offic... ...

China says employment resilient despite slower economic growth
April 24, 2015 03:57:31 pm
BEIJING (April 24): China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labour ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation ......

Low-key launch as Apple Watch finally goes on sale
April 24, 2015 03:52:16 pm
TOKYO/MELBOURNE/SAN FRANCISCO (April 24): The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to......

Emerging stocks head for longest weekly rally since January
April 24, 2015 03:42:52 pm
JAKARTA/HONG KONG (April 24): Emerging-market stocks headed for a fourth weekly advance as Taiwan shares rallied to a 15-year high and telecommunications companies gained. Malaysia’s ringgit surged. Taiwan Semiconductor Manufacturing Co. le... ...

Nova MSC jumps 8.69%, most active stock
April 24, 2015 03:40:03 pm
KUALA LUMPUR (Apr 24): Nova MSC Bhd's share price rose as much as 8.7% to 25 sen with 68.83 million shares traded at 3.14pm, emerging as the top most-active stock. According to Bloomberg, the stock is currently trading at 80.13 times its tr... ...

TOCOM falls on stronger yen, posts 2nd weekly gain
April 24, 2015 03:38:13 pm
TOKYO (April 24): Benchmark Tokyo rubber futures ended down 0.1 percent on Friday as the yen rose against the dollar, but the benchmark contract posted a second straight weekly gain following moves by top rubber producers to raise flagging prices.......

Oil prices edge down from 2015-highs, but set for weekly gains
April 24, 2015 03:34:35 pm
SINGAPORE (April 24): Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude pr... ...

China says to increase policy support for cooling economy
April 24, 2015 03:31:12 pm
BEIJING (April 24): China will do more to bolster its cooling economy as its policymakers still have room to increase support, a senior official at the country's top economic planner said on Friday. Li Yangzhe, the head of the economic oper... ...

Supermax confirms diversification into contact lens biz
April 24, 2015 03:23:41 pm
Flash: Supermax confirms diversification into contact lens biz ...

Supermax expects less volatility in rubber prices, but more volatility in forex this year
April 24, 2015 03:21:22 pm
Flash: Supermax expects less volatility in rubber prices, but more volatility in forex this year ...

Maybank raises US$261 million with Samurai bond launch
April 24, 2015 03:16:59 pm
KUALA LUMPUR (Apr 24): Malayan Banking Bhd (Maybank) has launched its inaugural Samurai bond issuance,  raising JPY 31.3 billion (equivalent to approximately US$261 million) with a three and five year tenor.  In a media statement today, May... ...

Soft U.S. data supports gold, but weekly dip on the cards
April 24, 2015 03:16:01 pm
SINGAPORE (April 24): Gold clung to overnight gains on Friday on sluggish U.S. economic data, but the metal was poised for its third straight weekly drop on persistent uncertainty over when the Federal Reserve will begin to hike rates. Spot... ...

Nazir expresses frustration at slow progress of AEC
April 24, 2015 03:05:12 pm
KUALA LUMPUR (Apr 24): CIMB Group Holding Bhds chairman Datuk Seri Nazir Razak today expressed his frustration with the slow progress towards the Asean Economic Community (AEC), which has a year-end implementation date. At a plenary ... ...

China export tax decision to boost rare earth demand, Lynas says
April 24, 2015 02:48:04 pm
(Apr 24): China’s decision to scrap export quotas and taxes on rare earth elements may boost stalled demand for the products, according to Lynas Corp. Users have been drawing down on stockpiles while awaiting clarity over China’s policy on ... ...

Foster global trade to boost economic growth, says Lagarde
April 24, 2015 02:47:26 pm
KUALA LUMPUR (Apr 24): Global trade needs to be fostered to boost economic growth, said the International Monetary Fund’s (IMF) managing director Christine Lagarde. In a speech at the US Ex-IM Bank conference yesterday, Lagarde highl... ...

Proton aims to start producing 30,000 Lotus cars in China this year
April 24, 2015 02:41:59 pm
KUALA LUMPUR (Apr 24): Proton Holdings Bhd's sports car subsidiary Lotus Group International Ltd aims to begin production of 30,000 Lotus cars in China this year, said Proton chairman Tun Dr Mahathir Mohamad today. This follows the s... ...

Asian shares ride on Nasdaq record
April 24, 2015 02:35:53 pm
TOKYO (Apr 24): An index of Asian shares rose to fresh seven-year highs on Friday, on track for a weekly gain after Nasdaq rose to a record, while the dollar stuck to recent ranges after more lacklustre U.S. economic data. The buoyant mood ... ...

Weak U.S. data, dovish Fed hopes lift Asia FX except rupee
April 24, 2015 02:29:11 pm
SINGAPORE (Apr 24): Most emerging Asian currencies rose on Friday and posted weekly gains as a spate of disappointing U.S. data raised hopes that the Federal Reserve may further delay an expected interest rate hike. The Indian rupee, howeve... ...

Palm nudges up, heads for second week of gains
April 24, 2015 02:24:48 pm
KUALA LUMPUR (Apr 24): Malaysian palm oil futures nudged up on Friday, recovering from a weak opening as demand trickled in, and strength in rival markets underpinned modest gains that left the contract on course for a second straight weekly rise.......

The surprise in Malaysia’s budget: Revenue growth beats spending
April 24, 2015 02:15:17 pm
(Apr 24): There are several reasons Malaysia’s ringgit was the worst performing currency in Asia last quarter including plunging oil prices that hurt the budget and loan repayment delays at state investment company 1Malaysia Development Bhd... ...

Ringgit gains for a fifth week as oil rebound eases revenue woes
April 24, 2015 02:13:32 pm
(Apr 24): Malaysia’s ringgit rose for a fifth week in its longest run of gains since July as a rebound in Brent crude eased concern that government revenue will deteriorate for Asia’s only major oil exporter. The currency climbed to a two-m... ...

Dollar nurses losses, euro supported by Greek hopes
April 24, 2015 02:11:18 pm
SYDNEY/SINGAPORE (Apr 24): The dollar nursed losses on Friday after taking a hit from underwhelming U.S. economic data, while the euro found support from signs that cash-strapped Greece was making tentative progress toward securing fresh funding....

Up on oil prices; rate play lifts Thai shares
April 24, 2015 02:09:22 pm
BANGKOK (Apr 24): Southeast Asian stock markets rose on Friday, led by oil related shares such as Sapurakencana Petroleum Bhd and PTT Pcl, following gains in oil prices and as a fresh record for the Nasdaq bolstered sentiment in the broader Asia m......

Tenaga active, up on positive results preview
April 24, 2015 02:07:15 pm
KUALA LUMPUR (Apr 24): Shares of Tenaga Nasional Bhd rose in active trade today after MIDF Research has maintained its “Buy” rating on the stock with an unchanged target price of RM17.20 and said it expects Tenaga to post another set of good resul......

EPF preliminary findings show withdrawal flexibility preferred
April 24, 2015 01:53:45 pm
KUALA LUMPUR (Apr 24): The Employees Provident Fund's (EPF) preliminary findings have shown that its members prefer the flexibility in full withdrawal of their savings. "Looking at the overwhelming response, the public so far would p... ...

Mahathir: I'm not alone either
April 24, 2015 01:44:36 pm
KUALA LUMPUR (Apr 24): In yet another jab at Prime Minister Datuk Seri Najib Abdul Razak, former premier Tun Dr Mahathir Mohamad said he too is not alone in his critical views against Najib's leadership. "Well he's not alone, but lot... ...

Bina Puri secures RM123m interior design works in Sabah
April 24, 2015 01:26:24 pm
KUALA LUMPUR (Apr 24): Bina Puri Holdings Bhd has secured RM123.32 million of interior design works from the Kota Kinabalu Public Works Department. In a filing with Bursa Malaysia, the infrastructure construction firm said its wholly-owned ... ...

LCTH, APFT, Vsolar, Tanco, Ge-Shen, Ewein
April 24, 2015 01:17:22 pm
KUALA LUMPUR (Apr 24): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today. Two of the stocks have positive momentum while four show negative momentum. The stocks with positive momentum are: LC... ...

KLCI advances 0.67% as banks and blue chips lift
April 24, 2015 01:05:33 pm
KUALA LUMPUR (Apr 24): The FBM KLCI rose 0.67% in the morning today, in line with the gains at most regional markets, lifted by index-linked banking stocks and select blue chips. At 12.30pm, the FBM KLCI rose 12.41 points to 1,858.49... ...

What’s next for Petrobras may be tougher than $17 billion loss
April 24, 2015 01:03:01 pm
(Apr 24): Petrobras’s massive writedowns this week answer the question about the cost of its corruption and pose a much bigger one: whether the state-run driller can restore its role as Brazil’s economic anchor and source of national pride. ...

Minnesota declares state of emergency over bird flu in poultry
April 24, 2015 01:02:20 pm
CHICAGO (Apr 23): Minnesota declared a state of emergency on Thursday over a fast-spreading strain of avian flu that has led to the extermination of more than 7.3 million birds in the country. It followed Wisconsin's action on Monday. The h... ...

If China’s seeing capital outflows now, what happens in crisis?
April 24, 2015 12:49:37 pm
(Apr 24): Here’s another Chinese puzzle. Economic growth, while slowing, is still 7 percent and the stock market is on a tear. Yet money is leaving the country. That’s a turnaround for an economy that’s been a magnet for foreign capi... ...

Asian shares take cue from Nasdaq record
April 24, 2015 12:48:45 pm
TOKYO (Apr 24): An index of Asian shares rose to fresh seven-year highs on Friday, on track for a weekly gain after Nasdaq rose to a record, while the dollar stuck to recent ranges after more lacklustre U.S. economic data. MSCI's broadest i... ...

Oil prices edge down from 2015-highs, but set for weekly gains
April 24, 2015 12:41:48 pm
SINGAPORE (Apr 24): Oil prices on Friday edged down from 2015-highs reached in the previous session, but prices remained on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.... ...

Indonesian tin smelter slashes output; doubts raised on industry quota
April 24, 2015 12:38:05 pm
JAKARTA (Apr 24): Major Indonesian tin smelter PT Refined Bangka Tin (RBT) said it will slash output in April and May following a slump in prices of the solder material, although a key export group raised doubts about an industry wide effort to cu......

Low-key launch as Apple Watch finally goes on sale
April 24, 2015 12:25:14 pm
TOKYO (Apr 24): The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rol......

MARC affirms Malaysia’s sovereign rating at AAA; outlook stable
April 24, 2015 12:19:59 pm
(Apr 24): MARC has affirmed Malaysia’s sovereign rating of AAA with a stable outlook based on its national scale. The AAA rating reflects MARC’s opinion on the sovereign’s ability to meet its local currency obligations. The rating of AAA re... ...

U.S. House panel passes fast track trade bill
April 24, 2015 12:18:38 pm
WASHINGTON (Apr 23): Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strateg......

Soft U.S. data supports gold, but weekly dip on the cards
April 24, 2015 11:55:41 am
SINGAPORE (Apr 24): Gold clung to overnight gains on Friday on sluggish U.S. economic data but the metal was poised for its third straight weekly drop on persistent uncertainty over when the Federal Reserve will begin to hike rates. Spot go... ...

AIA posts new business value growth in line with estimates
April 24, 2015 11:47:40 am
(Apr 24): AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability of new polici... ...

Ireka up after announcing plans to sell property assets
April 24, 2015 11:42:43 am
KUALA LUMPUR (Apr 24):  Construction cum property development firm Ireka Corp Bhd saw both its shares and warrants move upwards today after announcing that its 23%-owned subsidiary Aseana Properties Ltd intends to sell off its property asse... ...

EPF public consultation leans towards option 2 from the four proposed enhancements
April 24, 2015 11:35:40 am
EPF public consultation leans towards option 2 from the four proposed enhancements ...

Shahril EPF: PM was stating his keenness on option 2 on the EPF withdrawal at age 55
April 24, 2015 11:34:59 am
Shahril EPF: PM was stating his keenness on option 2 on the EPF withdrawal at age 55 ...

Stocks With Momentum: LCTH Corporation
April 24, 2015 11:29:01 am
LCTH Corporation Bhd (+ve) Since LCTH (Fundamental: 2.5/3, Valuation: 1.1/3) was first picked by our algorithm on February 9, its share price has surged by 50.7% to 52 sen yesterday. This is partly due to its 4Q2014 earnings results.... ...

Asean integration risks more corruption, transparency group says
April 24, 2015 11:26:31 am
(Apr 24): Greater economic integration in Southeast Asia could worsen corruption in the region and governments need to work together to strengthen anti-graft agencies and regulations, a watchdog group said. As the 10 members of the Associat... ...

Insider Asia’s Stock Of The Day: Apollo Food Holdings
April 24, 2015 11:26:25 am
Apollo Food Holdings Bhd Apollo (Fundamental: 1.45/3, Valuation: 1.4/3) is expected to see a turnaround in its financial performance after raw material prices declined from record high levels. Apollo is a manufa... ...

Stocks With Momentum: Ewein
April 24, 2015 11:25:01 am
Ewein Bhd (-ve) Ewein (Fundamental: 1.1/3, Valuation: 1.4/3) triggered our momentum alert on April 2, when its share price was 59 sen. Yesterday, the stock was again picked out by our algorithm with 4.3 million shares changing hand. ... ...

Press Metal share price slumps on selling pressure
April 24, 2015 11:22:37 am
KUALA LUMPUR (Apr 24): Aluminium extruding firm Press Metal Bhd (Press Metal) emerged as Bursa Malaysia’s second biggest loser in morning trade today. The company’s share price whose reference price stood at RM3.24 today took a plunge today... ...

Stocks With Momentum: Ge-Shen Corporation
April 24, 2015 11:22:21 am
Ge-Shen Corporation Bhd (-ve) Ge-Shen (Fundamental: 2.2/3, Valuation: 1.1/3) is involved in the manufacturing of high precision plastic moulded products and components. The company’s shares rose 5% yesterday, closing at a hist... ...

Ringgit gains for a fifth week as oil rebound eases revenue woes
April 24, 2015 11:18:06 am
(Apr 24): Malaysia’s ringgit rose for a fifth week in its longest run of gains since July as a rebound in Brent crude eased concern that government revenue will deteriorate for Asia’s only major oil exporter. The currency climbed to ... ...

GST rate will increase with time, says Rafizi
April 24, 2015 11:13:27 am
(Apr 24): The goods and services tax rate will not remain at 6% but will increase to a higher amount over time, PKR's Rafizi Ramli told a forum on the controversial consumption tax. The PKR secretary-general said there was no country... ...

For expats, Singapore becoming (a bit) cheaper to call home
April 24, 2015 11:01:30 am
SINGAPORE (Apr 24): When Ritika Verma relocated to Singapore with her husband three years ago, she settled for an apartment much smaller than she wanted. "Having lived in France, finding out how much landlords were asking for rent was quite a shoc......

Palm oil signals mixed
April 24, 2015 11:00:02 am
SINGAPORE (Apr 24): Signals are mixed for Palm oil, as it is hard to categorize the gain from the April 23 low of 2,136 ringgit. This gain could be an extension of the preceding uptrend from the April 10 low of 2,092 ringgit, if the five co... ...

Putrajaya abolishes RM35 fee for foreign workers’ permits renewal
April 24, 2015 10:59:16 am
(Apr 24): Putrajaya has abolished the RM35 fee for the renewal of foreign workers’ permits through e-government services provider MyEG following criticism over the charge. Quoting Minister in the Prime Minister's Department Datuk Dr ... ...

Oil prices edge back from 2015-highs
April 24, 2015 10:50:26 am
SINGAPORE (Apr 24): Oil prices on Friday edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude pri... ...

AIA quarterly new business value growth in line with estimates
April 24, 2015 10:50:22 am
(Apr 24): AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analyst estimates. The measure of projected future profitability of new policies... ...

Steady outlook expected for CIMB Niaga from 2H
April 24, 2015 10:50:20 am
CIMB Group Holdings Bhd (April 23, RM6.15) Maintain sell with an unchanged target price (TP) of RM5.50: PT Bank CIMB Niaga Tbk saw a 92.4% plunge in the first quarter of financial year 2015 ended March (1QFY15) ... ...

Steady outlook expected for CIMB Niaga from 2H
April 24, 2015 10:49:58 am
CIMB Group Holdings Bhd (April 23, RM6.15) Maintain sell with an unchanged target price (TP) of RM5.50: PT Bank CIMB Niaga Tbk saw a 92.4% plunge in the first quarter of financial year 2015 ended March (1QFY15) ... ...

A more positive longer-term outlook
April 24, 2015 10:48:01 am
United States markets edged higher on Wednesday after better results from Coca-Cola Co, McDonald’s Corp and eBay Inc lifted the American bourses above their key psychological levels of 18,000 and 2,100 for the Dow and the S&P 500 respec... ...

Embattled rare earths miner Lynas hit major milestone in March
April 24, 2015 10:46:56 am
MELBOURNE (Apr 24): Australia's Lynas Corp managed to achieve positive free cash flow in March for the first time since it began mining rare earths in 2011, a key milestone for the company battling to service $430 million in debt. Lynas and... ...

AEC 90% there but far from reality
April 24, 2015 10:37:48 am
AEC 90% there but far from reality ...

Nazir: Get Indonesia to say that they are pro ASEAN integration
April 24, 2015 10:36:56 am
Nazir: Get Indonesia to say that they are pro ASEAN integration ...

KLCI rises 0.68% as banks, blue chips lift
April 24, 2015 10:32:05 am
KUALA LUMPUR (April 24): The FBM KLCI rose 0.68% at mid-morning today in line with regional gains, lifted by index-linked banking stocks and select blue chips. At 10am, the FBM KLCI rose 12.67 points to 1,858.75. The top gainers incl... ...

Nazir frustrated on AEC progress
April 24, 2015 10:31:06 am
Nazir frustrated on AEC progress ...

Nestle looking to improve export sales
April 24, 2015 10:29:18 am
KUALA LUMPUR: Nestle Malaysia Bhd is looking to improve its export sales which remain on a downward trend due to lower demand from affiliated companies in countries like the Philippines and Indonesia, which have developed their own manufact... ...

Mercedes-Benz says new C-Class will be hot seller
April 24, 2015 10:25:33 am
SHAH ALAM: Mercedes-Benz Malaysia Sdn Bhd is optimistic that its newly-launched sedan C-Class CKD (completely knocked down) will be welcomed by Malaysians, based on their response to its previous equivalent model. “We launched the C-... ...

Ireka sees early 2015 Aseana investment returns
April 24, 2015 10:21:29 am
KUALA LUMPUR: Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, plans to sell off some of its property assets and return capital to shareholders as early as this year, said Ireka group managi... ...

Mah Sing confident of hitting FY15 sales target
April 24, 2015 10:16:54 am
KUALA LUMPUR: Mah Sing Group Bhd is confident of achieving its sales target of RM3.43 billion for the financial year ending December (FY15) as it believes it has the right product mix, with attractive pricing, in the right locations. ...

Karex aims to acquire at least one firm in the next 12 months
April 24, 2015 10:16:53 am
KUALA LUMPUR: Condom manufacturer Karex Bhd, which is on the lookout for mergers and acquisitions (M&A) opportunities in an effort to build its own-brand business, expects to acquire at least one company “that will provide relevant syne... ...

Muhibbah expects Rapid tender outcome in 2H or next year
April 24, 2015 10:12:27 am
KUALA LUMPUR: Muhibbah Engineering (M) Bhd expects the outcome of its tender for RM1 billion worth of jobs in Petroliam Nasional Bhd’s Refinery and Petrochemicals Integrated Development (Rapid) project in Johor to be known in the second half this ......

Look beyond short term in managing economy
April 24, 2015 10:09:23 am
KUALA LUMPUR: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has urged politicians to look beyond the near term in managing Malaysia’s economy and its financial systems. She said the assessment of national risk requires pr... ...

PM: EPF withdrawal retained at age of 55
April 24, 2015 10:06:04 am
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak has affirmed that Employees Provident Fund (EPF) members will be able to retain their rights to withdraw their savings at the age of 55, following public uproar over the retirement fund’s ... ...

Eco World to list Malaysia’s first property SPAC in 3Q
April 24, 2015 10:05:47 am
KUALA LUMPUR: Eco World Development Group Bhd is looking at a third quarter 2015 (3Q15) listing for its special purpose acquisition company (SPAC) called Eco World International Bhd (EWI), said its chairman Tan Sri Liew Kee Sin. He s... ...

GHL to provide payment facilitator services to CIMB
April 24, 2015 09:59:27 am
KUALA LUMPUR: GHL Systems Bhd has signed an agreement to provide payment facilitator or third-party acquisition (TPA) services to CIMB Bank Bhd. Under the agreement, GHL will seek to acquire between 3,000 and 4,000 merchants on behalf of CI... ...

Icon Offshore says deputy CEO now in charge
April 24, 2015 09:57:43 am
KUALA LUMPUR: Offshore supply vessel provider Icon Offshore Bhd told Bursa Malaysia yesterday that deputy chief executive officer (CEO) Captain Hassan Ali is now in charge of the group’s day-to-day management following the remand of CEO Dr Jamal Y......

WZ Satu rises 5.9% on profit outlook
April 24, 2015 09:55:32 am
KUALA LUMPUR (Apr 24): WZ Satu Bhd shares rose today after the company’s official said it was hoping to see its net profit double for its financial year ending August 31, 2015, compared to a year ago. At 9.38am, WZ satu jumped 5.92% or nine... ...

WZ Satu eyes doubling of net profit
April 24, 2015 09:55:09 am
KUALA LUMPUR: WZ Satu Bhd expects to see its net profit doubled for its financial year ending Aug 31, 2015, compared with a year ago, said its executive chairman and chief executive officer Tengku Uzir Tengku Ubaidillah. The company ... ...

Scanwolf initiates investigation into irregularities
April 24, 2015 09:53:02 am
KUALA LUMPUR: Scanwolf Corp Bhd, which is involved in property development as well as the design and manufacturing of plastic extrusions, has appointed PKF Covenant to conduct an investigative review of the company’s operations. In a filing... ...

Khazanah hopes to expand overseas investments in the long run
April 24, 2015 09:51:45 am
KUALA LUMPUR: Khazanah Nasional Bhd will continue growing its overseas investment over time without neglecting domestic investment, said managing director Tan Sri Azman Mokhtar (pic). He said Khazanah already had offices in Beijing, ... ...

1MDB’s absence at Invest Malaysia no help to ringgit
April 24, 2015 09:42:30 am
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) had declined an invitation to participate in Invest Malaysia Kuala Lumpur 2015 and its absence is a huge letdown as most of investors’ negative perceptions of Malaysia stem from the debt-laden ... ...

I’m not lonely, says Najib in dig at Mahathir
April 24, 2015 09:37:19 am
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak yesterday said he does not feel lonely in a jab at his arch critic, Tun Dr Mahathir Mohamad, who recently said he was alone in telling the truth about problems with Najib’s administration.... ...

KLCI rises in line with region, takes cue from Nasdaq record close
April 24, 2015 09:23:12 am
KUALA LUMPUR (April 24): The FBM KLCI rose in early trade in line with most regional markets, taking its cue from the firm overnight close of the Nasdaq index at Wall Street. At 9am, the FBM KLCI rose 6.91 points to 1,852.99. ... ...

Dr M asks PM what happened to RM27b 1MDB funds
April 24, 2015 09:22:36 am
KUALA LUMPUR: Former prime minister Tun Dr Mahathir Mohamad has questioned some RM27 billion of borrowed money by 1Malaysia Development Bhd (1MDB) that is still unaccounted for, after deducting the ascertained investments the strategic deve... ...

Asian shares take cue from Nasdaq record
April 24, 2015 08:59:22 am
TOKYO (April 24): An index of Asian shares rose on Friday, on track for a weekly gain as a fresh record for the Nasdaq helped nudge it toward seven-year highs, while the dollar marched in place after more lacklustre U.S. economic data. MSCI... ...

MIDF Research expects Tenaga to post good results in 2QFY15
April 24, 2015 08:57:14 am
KUALA LUMPUR (April 24): MIDF Research has maintained its “Buy” rating on Tenaga Nasional Bhd with an unchanged target price of RM17.20 and said it expects Tenaga to post another set of good result in 2QFY15 on the back of potentially improved mar......

AllianceDBS Research maintains Hold on Pavilion REIT, ups target
April 24, 2015 08:24:13 am
KUALA LUMPUR (April 24): AllianceDBS Research has maintained its “Hold” rating on Pavilion REIT at RM1.58 with a higher target price of RM1.60 (from RM1.55) and said the REIT’s distributable income of RM62.3 million (+6.7% y-o-y, +5.4% qo- q) was ......

Nexgram’s immediate hurdle at 13 sen, says AllianceDBS Research
April 24, 2015 08:19:58 am
KUALA LUMPUR (April 24): AllianceDBS Research said Nexgram Holdings Bhd’s immediate hurdle was at 13 sen and said Nexgram continued to trade above the 20-day and 50-day moving average lines in the last 4 days. In its evening yesterday, the ... ...

New promoter for Edra?
April 24, 2015 08:14:14 am
KUALA LUMPUR: Edra Global Energy Bhd is seeking a new promoter to take over from 1Malaysia Development Bhd (1MDB) and undertake the former’s listing, said sources, adding that a Middle Eastern consortium might be interested. “There i... ...

Pasukhas extremely oversold, says HLIB Research
April 24, 2015 08:11:54 am
KUALA LUMPUR (April 24): Hong Leong IB Research says that stocks of Pasukhas Group Bhd were extremely oversold and likely to bottom up in immediate term as “Tweezers Bottom” candlestick pattern in the oversold territory suggested imminent technica......

Apple Watch goes on sale worldwide amid supply shortage
April 24, 2015 07:41:16 am
SAN FRANCISCO (April 24): The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders......

KLCI to trend lower on lacklustre sentiment, lack of catalysts
April 24, 2015 07:13:54 am
KUALA LUMPUR (April 24): The FBM KLCI is expected to trend lower today on the back of still lacklustre investor sentiment and lack of fresh catalysts at the local bourse. The much expected impetus from Invest Malaysia 2015 did not quite mat... ...

Nasdaq sets closing record
April 24, 2015 07:02:10 am
(April 24): The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its record close of 5,056.06 capped a... ...

Nasdaq breaks 15-yr record; oil up on Middle East worry
April 24, 2015 07:00:04 am
NEW YORK (April 24): U.S. stocks rose on Thursday, with the Nasdaq index hitting a record closing high, as corporate earnings and a rise in energy shares overshadowed soft U.S. economic data, while oil prices climbed to the highest levels of the y......